Digital Euro on Standby as ECB Awaits Legislative Approval, Says Lagarde

The European Central Bank (ECB) is preparing to launch a digital euro, with final steps pending legislative approval.

ECB President Christine Lagarde stated that the project, six years in the making, responds to rising consumer demand for digital payments while preserving access to cash. The digital euro aims to complement physical currency, not replace it, and ensure a sovereign, reliable payment option across Europe. Lagarde emphasized the importance of offering both digital and cash-based payments to meet diverse preferences and maintain a unified, secure payment system throughout the euro area.

Clever Robot News Desk 17^th June 2025